Biotechnology Market outlook 2025 Led By - BD, Merck KGaA, QIAGEN, Bio-Rad Laboratories, Illumina, PerkinElmer, Agilent Technologies, Thermo Fisher Scientific, F. Hoffmann-La Roche Ltd and Danaher

The report highlights the trends prevalent in the global biotechnology market and the factors driving the market along with those that act as deterrents to its growth. The increasing initiatives by private and government bodies help to improve the biotechnology sector, in their countries. However, dearth of skilled professionals and lack of complete understanding of biosystems are expected to act as major challenges hindering the market growth.

The global biotechnology market was valued at US$ 218,012.1 Mn in 2017 and is estimated to reach US$ 471,336.4 Mn by 2025.

The rising future conferences and workshops is also anticipated to propel the growth of the biotechnology market in the forecast period. The conferences is the excellent opportunity for the envoys from institutes and universities to interact with the world-class scientists, researchers to discuss the major topics related to current scenario of biotechnology including pharmaceutical biotechnology in healthcare, industrial and microbial biotechnology, food biotechnology, agriculture biotechnology, plant biotechnology, animal biotechnology, environmental biotechnology and nanobiotechnology including their applications.

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The key players operating in the field of biotechnology worldwide include Thermo Fisher Scientific Inc., Merck KGaA, PerkinElmer, Inc., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., Danaher, QIAGEN, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Illumina, Inc. and among others.

The increasing business segments in biotechnology field, high growth geographies, acquisitions, new products launches, continue to reduce costs and improve operating efficiency and the quality are expected to propel the growth for the global biotechnology market. The technology platform, and other related resources are helping the companies to accelerate the development of the biotechnology market. The increasing number of product launches and acquisitions help the companies to expand their business. For instance, in March 2018, Danaher Corporation entered into agreement to acquire Integrated DNA Technologies (IDT). Additionally, in April 2017, Molecular Devices (Danaher Corporation) introduced SpectraMax DuoLuc Reporter Assay Kit to expand their product portfolio.

The global biotechnology market is segmented on the basis of technology and application and geography. On the basis of technology, the biotechnology market is segmented into DNA sequencing, fermentation, cell based assay, nanobiotechnology, chromatography, PCR technology, tissue engineering and regeneration and others. On the basis of application, the biotechnology market is segmented into industrial/bio processing, bioinformatics, food & agriculture, health, natural resource & environment and others.

The biotechnology market is aimed to describe, define and estimate the forecast for market size of the biotechnology till 2025. The report strategically analyzes macro and micro-markets to entail the major factors impacting the growth of the global biotechnology market. The market report for biotechnology is appropriate to cater the needs and demands of various stakeholders that include pharmaceutical, biotechnology and medical companies in the form of research services.

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Reason to Buy:-

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the biotechnology market.

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the global biotechnology market, thereby allowing players across the value chain to develop effective long-term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

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